TSX gains as banks rise, Hudson's Bay jumps on M&A talk

Fri Feb 3, 2017 4:38pm EST
 
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TORONTO (Reuters) - Canada's main stock index ended higher on Friday, helped by gains for the country's biggest banks, which stand to benefit moves to scale back regulations in the U.S. financial industry, and a surge in Hudson's Bay Co on a takeover move.

The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 77.28 points, or 0.50 percent, at 15,476.39. The index fell 0.6 percent over the course of the week.

(Reporting by Alastair Sharp, editing by G Crosse)

 
A man walks past an old Toronto Stock Exchange (TSX) sign in Toronto, June 23, 2014.  REUTERS/Mark Blinch